associated undertaking
Defined in 1 EU act of the All group: Accounting Directive First
Accounting Directive, Article 2(13) First adopted 2013-06-26
an undertaking in which another undertaking has a participating interest, and over whose operating and financial policies that other undertaking exercises significant influence. An undertaking is presumed to exercise a significant influence over another undertaking where it has 20 % or more of the shareholders' or members' voting rights in that other undertaking